Lakewood, NJ 08701 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator is the median sold price of 607,000, which reflects recent transaction values and suggests realized market value is notably higher than asking expectations; the median listing price of 405,000 appears materially different from recent sale levels, which may indicate pricing friction between sellers and buyers rather than a simple trend shift.
2. Liquidity appears balanced to moderate: the median days on market of 25 points to steady turnover and suggests moderate transaction velocity—not rapid bidding wars but not stalled activity either, supporting transactions at or near recent sale levels.
3. Market-level dynamics are broadly neutral on price but supportive of rising rental demand: the price year-over-year trend is flat while the rent year-over-year trend is up, indicating owners may see stronger cashflow prospects even as sale prices stabilize; the median market rent of 2,025 reinforces upward pressure on rental rates.
4. Macro and financing context is a caution: interest rate pressure is elevated alongside reported 30-year fixed mortgage averages of 6.75%, which may suppress some buyer affordability and encourage longer listing times; paired with a median price per square foot of 286, this suggests buyers and investors should underwrite deals conservatively given financing headwinds.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.